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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (63453)	3/29/2018 11:20:21 PM
From: i-node	Respond to of 363859

They thought they were going to get 75 years out of that tax increase. Yet, before the 50th year the money's gone. They never figured on Disability going belly up so soon due to massive fraud, I suppose.

To: Wharf Rat who wrote (63453)	3/30/2018 11:33:18 AM
From: koan	Read Replies (1) \| Respond to of 363859

If you had gotten past it, you would have found out David Stockman, Greenspan (remember him?) and Reagan had rigged the entire ruse to cover for their large tax cuts to the rich which was causing lots of problems .They needed another source of money without raising taxes! Have you not learned that Republicans are pathological tricksters and liars? Do you even know that Reagan was selling SUPPLY SIDE economics, so he had the country using the wrong economic model to begin with. Few universities today teach supply side economics as a viable economic system. You do know that, right? " So, at the time Reagan informed Congressional leaders that Social Security was teetering on the edge of bankruptcy, the actual condition of Social Security funding was fairly sound for the next two decades." Here is the rest of the story if you can read a couple of paragraphs? "Let’s have a look at the events leading up to this proposal. Reagan and the government had big financial problems. Supply-side economics was not working like Reagan had promised. Instead of the lower tax rates generating more revenue as the supply-siders claimed would happen, there was a dramatic drop in revenue. Something had to be done, so Ronald Reagan set for himself a new mission. He would have to figure out a way to get the additional revenue he needed from another source. President Reagan and his advisors knew, from the very beginning, that the government would soon face a severe cash shortage. Budget Director, David Stockman, had deliberately rigged the computer at the Office of Management and Budget to generate bogus revenue forecasts in an effort to convince Congress to enact Reagan’s unaffordable proposed tax cuts. When Stockman first fed the data from Reagan’s economic proposals into the computer, he was shocked. The computer forecast that, if Reagan’s proposals were enacted into law, massive budget deficits would loom ahead for as far as the eye could see. Reagan needed a new source of revenue to replace the revenue lost as a result of his unaffordable income tax cuts. He wasn’t about to rescind any of his income-tax cuts, but he had another idea. What about raising the payroll tax, and then channeling the new revenue to the general fund, from where it could be spent for other purposes? An increase in Social Security taxes would be easier to enact than a hike in income tax rates, and it would leave his income tax cuts undisturbed. Reagan’s first step in implementing his strategy was to write to Congressional leaders. His first letter, dated May 21, 1981 included the following: So, at the time Reagan informed Congressional leaders that Social Security was teetering on the edge of bankruptcy, the actual condition of Social Security funding was fairly sound for the next two decades. The highest priority of my Administration is restoring the integrity of the Social Security System. Those 35 million Americans who depend on Social Security expect and are entitled to prompt bipartisan action to resolve the current financial problem. dissidentvoice.org << I didn't get past the alternative fact that said, "Social Security was definitely not “teetering on the edge of bankruptcy” in 1981 as Reagan claimed in his letter to Congressional leaders."